Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results
Oct 29 2015 // Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress...
Argentina Regulator Says Insurers’ Dollar Assets Cannot Exceed Liabilities
Oct 28 2015 // Argentina’s insurance regulator changed the rules governing the amount of foreign currency holdings the companies can keep, which could prompt the firms to sell assets to meet a year-end deadline. Insurance companies...
Insurers Unprepared for Costs of Climate Change, Warns UN Climate Diplomat
Oct 28 2015 // Insurers are unprepared for the costs of climate change, the top United Nations climate diplomat said as world leaders make final preparations for a deal on global warming. The agreement, which the UN expects to seal in...
Erie Indemnity CEO Cavanaugh to Retire at End of 2016
Oct 26 2015 // Erie Indemnity Co. announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Erie Indemnity Company provides management services to the member companies of the Erie...
Hurricane Patricia Targets Mexico; 400K People, Ports, Insurers at Risk
Oct 23 2015 // Hurricane Patricia, the strongest in the history of the Americas, prepared to barrel into Mexico’s Pacific coast Friday, sending guests fleeing hotels in the Puerto Vallarta resort area. About 400,000 people are...
Best Affirms Munich Re and Subs Ratings; Outlook Stable
Oct 23 2015 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the...
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Patria Re Set to Become First Mexican Insurer to Join Lloyd’s Platform
Oct 23 2015 // Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership...
Carriers Returning to Illinois Health Insurance Marketplace
Oct 22 2015 // Illinois consumers shopping for health insurance for 2016 will see familiar companies, newcomers and health plans with narrow networks when the marketplace opens in less than two weeks. The Illinois Department of Insurance...
Data Call Deadline Approaching for Property Insurers in Georgia
Oct 21 2015 // Personal and commercial property insurers in the State of Georgia have until Oct. 30 to respond to a Data Call from the Georgia Insurance Department. The bulletin for the data call, issued in August, states the information...
P/C Insurers Posted $31B Profit for 2015 1st Half, Highest 1st-Half Income Since ’07
Oct 21 2015 // Private U.S. property/casualty insurers’ net income after taxes grew to $31.0 billion in the first half of 2015 from $26.0 billion in the first half of 2014, according to a report today from Verisk Analytics’...
Oklahoma Commissioner to Insurers: Clarify Earthquake Coverage
Oct 21 2015 // In response to a growing number of questions from consumers about earthquake coverage, Oklahoma Insurance Commissioner John D. Doak has asked property/casualty insurers in the state to send each policyholder a clarifying...
PwC Concludes South African Insurers Seeking Technology Partnerships
Oct 21 2015 // South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to...
Penn. Reminds Drivers: Insurers Can’t Add Surcharge for Deer-Related Crash
Oct 20 2015 // Pennsylvania Insurance Commissioner Teresa Miller is reminding drivers that their insurance company cannot add a surcharge to their auto premium for a crash involving a deer. The commissioner also urged drivers to be alert...
Japan Post’s Bank & Insurer IPO’s Priced at ‘Top of Range’
Oct 19 2015 // State-owned Japan Post on Monday set prices for separate initial public offerings of its bank and insurance arms at the top of their ranges, indicating strong demand from retail investors for businesses valued at a...
States Probing Insurers’ Use of Price Optimization in Rating
Oct 19 2015 // When Fred and Donna Wolden’s biannual car insurance premium went up by $90 last month, they wanted to know why. The Wisconsin retirees hadn’t had an accident or bought a new vehicle. In fact, they say not much...
Just My Analytical Opinion
Oct 19 2015 // How risky is that driver with that car? What are the odds a house will flood while a house one street over will not? How do all these variables come into play when setting a rate? What price will allow an insurance company...
Massachusetts AG: Insurer to Pay for Faulty Repairs
Oct 19 2015 // A subsidiary of Allstate has agreed to pay for the correction of faulty repair work performed on motor vehicles brought to unregistered body shops in Massachusetts. The assurance of discontinuance with Encompass Insurance,...
Ensuring Fair Treatment for Pennsylvania Consumers
Oct 19 2015 // That consumers get a fair deal when buying insurance is crucial for families’ financial well-being and peace of mind, and also why I have recently taken two actions to ensure policyholders are treated fairly. One...
New York to Shut Down Obamacare Insurer Health Republic
Oct 19 2015 // New York State authorities have ordered Health Republic Insurance of New York, a nonprofit insurance cooperative, to stop writing new policies and wind down business after existing policies expire, citing the likelihood...
